Mobile banking is on the verge of cashing in!

"Amongst working adults 26% are using their phones for some form of financial or banking transaction, with 16% intending to try mobile banking. But it is those without bank accounts, ironically, that are fuelling the growth of mobile payments – a higher percentage than those with bank accounts, according to BuzzCity research.

Of those who are already mobile banking, balance enquiries, bank transfers and cash withdrawals, are the top three most-used banking features. When it comes to non-banking activities, 13 per cent now use their phones to receive their salaries, and 12 per cent pay for goods via their phones." Continue Reading